Headlines · Underlying net profit attributable to shareholders down 32% to US$1,085 million and underlying earnings per share down 30% to US$2.95 · Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic, but resilience in Hongkong Land, Dairy Farm, Jardine Pacific and Jardine Motors · Continued investment for the long-term exemplified by US$4.5 billion investment by Hongkong Land in West Bund in Shanghai · Dividend maintained at US $1.72 per share for the year, reflecting Board s confidence in long-term strength of underlying businesses and balance sheet · Separate announcement of offer to acquire remaining c.15 % of Jardine Strategic for US$33 per share in cash 2020 has brought major challenges to our teams and businesses, but also demonstrated once again the Group s ability to adapt, pe
For immediate release
2020 Full Year Financial Statements
The following announcement was issued today by the Company s 75%-owned subsidiary, Jardine Cycle & Carriage Limited, which holds 50.1% of PT Astra International Tbk.
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Jardine Matheson Limited
Brunswick Group Limited 25th February 2021 20 20 FULL YEAR FINANCIAL STATEMENTS
Highlights ● Net earnings per share down 53 % (before the gain on sale of investment in Permata Bank) ● Car sales down 50% with a slight decline in market share , while motorcycle sales down 4 1 % with increased market share ● Increased loan loss provisions in the financial services business ● Lower coal prices impacted heavy equipment sales and mining contracting